Xcel Energy Inc. (NASDAQ:XEL) has drawn decreased holdings from Deutsche Bank AG and experienced a drop in shares by 3.05% on May 12. However, the company secured buy-in from several asset management entities, counting Nissay Asset Management Corp, Ethic Inc., Focus Partners Wealth, and Dean Capital Management among the prospective investors. Despite Q1 earnings and revenues falling short of estimates, projections remain bullish with
strategic growth and de-risking driving buy ratings. As per Jefferies Financial Group's and Barclays' analysis, the company's high investment plans signify a unique potential for growth despite prevailing market uncertainties.
The board has given the go-ahead for increasing the 2025 Common Dividend by 4.1%, proceeding in line with the brand's growth strategy. Institutional investors have also shown considerable faith in Xcel Energy, collectively acquiring vast volumes of shares. Despite a Q4 revenue miss and higher maintenance expenses, Xcel continues displaying a robust earnings growth potential, announcing a $45 billion investment plan. It continues to be viewed as one of the top stocks to buy during a recession.
Xcel Energy XEL News Analytics from Thu, 31 Oct 2024 07:00:00 GMT to Sat, 17 May 2025 18:57:03 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor -3
